HomeMy WebLinkAbout1986-134-08/19/1986-AUTHORIZING THE CITY MANAGER TO ENTER INTO A LEASE AGREEMENT WITH THE DOWNTOWN DEVELOPMENT AUTHORITY RESOLUTION 86-134
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE CITY MANAGER TO ENTER INTO
A LEASE AGREEMENT WITH THE DOWNTOWN DEVELOPMENT AUTHORITY
FOR THE LEASE OF OFFICE SPACE
IN THE DOWNTOWN PARKING GARAGE FACILITY
WHEREAS, the Fort Collins Downtown Development Authority has
constructed a two-story office building in the vicinity of East Mountain
Avenue and Remington Street; and
WHEREAS, the City of Fort Collins desires to lease three hundred
ninety-one (391) square feet of office space in said facility for the
Parking Enforcement Division of the City's Department of Transportation;
and
WHEREAS, the lease payment for this office space is Three Thousand Six
Hundred Twenty Dollars ($3,620.) to be paid annually with the same lease
payment effective for the eighteen (18) year renewable term of the lease;
and
WHEREAS, the Lease Agreement also provides that the Parking Division
pay a proportionate share of eight percent (8%) of the office building
common operating and miscellaneous costs which include water, sewer and
storm drainage; general maintenance and repair; capital improvements and
structural repairs; landscaping and grounds maintenance; insurance; and,
janitorial services; and
WHEREAS, monies are available and budgeted for this lease payment; and
WHEREAS, the Board of Directors of the Fort Collins Downtown
Development Authority authorized its Executive Director to execute the
Lease Agreement with the City of Fort Collins.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the City Manager be, and he hereby is, authorized to enter
into a Lease Agreement with the Fort Collins Downtown Development Authority
for the lease of three hundred ninety-one (391) square feet of office space
in the office building located at 102 Remington Street in the City of Fort
Collins.
Passed and adopted at a regular meeting of the Council of the City of
Fort Collins held this 19th day of August, A.D. 1986.
Mayor
ATTEST:
City Clerk